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Assume that today is January 1 , year 1 . Assuming an 8 % discount rate, what is the future value at the end of

Assume that today is January 1, year 1. Assuming an 8% discount rate, what is the future value at the end of 20 years of $52 received each year at the end of the year (ie the value at December 31, year 20 with one ayment received each December 31 from year 1 to year 20)

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